For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process

Detalhes bibliográficos
Autor(a) principal: D'Andrea, Fernando
Data de Publicação: 2019
Outros Autores: Mazzoni, João Fernando
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Mises
Texto Completo: https://revistamises.org.br/misesjournal/article/view/1245
Resumo: Innovation is at the core of any market economy and it is necessary for any organization to survive in competitive environments. This article aims to discuss the current approach to innovation seen in most of the management and economics literature and it will suggest that this understanding, loosely based on Schumpeter’s ideas on creative destruction, is not capable of representing the actual dynamism seen in the markets. In order to better understand that dynamism, the market process approach of the Austrian School is presented as a substitute. The comparison indicates that adopting the market process approach, in which entrepreneurship and innovation are endogenous and not-necessarily related to breaks or shocks, leads to a much better understanding of the innovation phenomena and, consequently, and opens new paths in the understanding of the entrepreneurial role. The work concludes presenting limitations and suggestions for future research in management, and economics, and finally, some pedagogical suggestions are also given.
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spelling For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market processPor una destrucción creativa menos dramática: innovación y emprendimiento como características claves del proceso de mercadoPara uma destruição criativa menos dramática: inovação e empreendedorismo como características fundamentais do processo de mercadoInovaçãoDestruição CriativaEmpreendedorismoSchumpeterProcesso de MercadoInnovationCreative DestructionEntrepreneurshipSchumpeterMarket ProcessInnovaciónDestrucción CreativaEmpredimientoSchumpeterProceso de MercadoInnovation is at the core of any market economy and it is necessary for any organization to survive in competitive environments. This article aims to discuss the current approach to innovation seen in most of the management and economics literature and it will suggest that this understanding, loosely based on Schumpeter’s ideas on creative destruction, is not capable of representing the actual dynamism seen in the markets. In order to better understand that dynamism, the market process approach of the Austrian School is presented as a substitute. The comparison indicates that adopting the market process approach, in which entrepreneurship and innovation are endogenous and not-necessarily related to breaks or shocks, leads to a much better understanding of the innovation phenomena and, consequently, and opens new paths in the understanding of the entrepreneurial role. The work concludes presenting limitations and suggestions for future research in management, and economics, and finally, some pedagogical suggestions are also given.La innovación está en el corazón de cualquier economía de mercado y es necesaria para que cualquier organización sobreviva, en entornos competitivos. Este documento tiene como objetivo discutir el enfoque actual de la innovación, presente en la mayoría de la literatura de negocios y economía, y sugerirá que esta comprensión, basada libremente en las ideas de Schumpeter sobre la destrucción creativa, no es capaz de representar el verdadero dinamismo visto en los mercados. Para comprender mejor este dinamismo, el enfoque del proceso de mercado, de la Escuela Austriaca, se presenta como un sustituto. La comparación indica que la adopción de este enfoque de proceso de mercado, donde el emprendimiento y la innovación son endógenos y no están necesariamente relacionados con fallas y choques, conduce a una mejor comprensión del fenómeno de la innovación y, por lo tanto, abre nuevas vías para la comprensión del rol emprendedor. El documento concluye, presentando limitaciones y sugerencias para futuras investigaciones en administración y economía, y finalmente se dan algunas sugerencias pedagógica.Inovação está no centro de qualquer economia de mercado e é necessária para qualquer organização sobreviver, em ambientes competitivos. Esse artigo objetiva discutir a abordagem atual de inovação, presente na maior parte da literatura de administração e economia, e sugerirá que esse entendimento, vagamente baseado nas ideias de Schumpeter sobre destruição criativa, não é capaz de representar o real dinamismo visto nos mercados. Para entender melhor esse dinamismo, a abordagem do processo de mercado, da Escola Austríaca, é apresentada como um substituto. A comparação indica que, adotando essa abordagem de processo de mercado, em que o empreendedorismo e a inovação são endógenos e, não necessariamente relacionados à quebras e choques, leva a uma melhor compreensão do fenônomeno da inovação e, consequentemente, abre novos caminhos para a compreensão do papel empreendedor. O trabalho conclui apresentando limitações e sugestões para futuras pesquisas em gestão e economia, e, finalmente, são dadas algumas sugestões pedagógicas.Instituto Mises Brasil2019-11-07info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistamises.org.br/misesjournal/article/view/124510.30800/mises.2019.v7.1245MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 No. 3 (2019): MISES Journal 2019 (sep-dec)MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 Núm. 3 (2019): MISES Journal 2019 (sept-dic)MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 7 n. 3 (2019): MISES Journal 2019 (set-dez)2594-91872318-0811reponame:Misesinstname:Instituto Mises Brasilinstacron:IMBenghttps://revistamises.org.br/misesjournal/article/view/1245/655D'Andrea, FernandoMazzoni, João Fernandoinfo:eu-repo/semantics/openAccess2019-12-19T15:32:57Zoai:ojs.emnuvens.com.br:article/1245Revistahttps://revistamises.org.br/misesjournalPRIhttps://revistamises.org.br/misesjournal/oairevista@mises.org.br2594-91872318-0811opendoar:2019-12-19T15:32:57Mises - Instituto Mises Brasilfalse
dc.title.none.fl_str_mv For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
Por una destrucción creativa menos dramática: innovación y emprendimiento como características claves del proceso de mercado
Para uma destruição criativa menos dramática: inovação e empreendedorismo como características fundamentais do processo de mercado
title For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
spellingShingle For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
D'Andrea, Fernando
Inovação
Destruição Criativa
Empreendedorismo
Schumpeter
Processo de Mercado
Innovation
Creative Destruction
Entrepreneurship
Schumpeter
Market Process
Innovación
Destrucción Creativa
Empredimiento
Schumpeter
Proceso de Mercado
title_short For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
title_full For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
title_fullStr For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
title_full_unstemmed For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
title_sort For a less dramatic creative destruction: Innovation and entrepreneurship as features of the market process
author D'Andrea, Fernando
author_facet D'Andrea, Fernando
Mazzoni, João Fernando
author_role author
author2 Mazzoni, João Fernando
author2_role author
dc.contributor.author.fl_str_mv D'Andrea, Fernando
Mazzoni, João Fernando
dc.subject.por.fl_str_mv Inovação
Destruição Criativa
Empreendedorismo
Schumpeter
Processo de Mercado
Innovation
Creative Destruction
Entrepreneurship
Schumpeter
Market Process
Innovación
Destrucción Creativa
Empredimiento
Schumpeter
Proceso de Mercado
topic Inovação
Destruição Criativa
Empreendedorismo
Schumpeter
Processo de Mercado
Innovation
Creative Destruction
Entrepreneurship
Schumpeter
Market Process
Innovación
Destrucción Creativa
Empredimiento
Schumpeter
Proceso de Mercado
description Innovation is at the core of any market economy and it is necessary for any organization to survive in competitive environments. This article aims to discuss the current approach to innovation seen in most of the management and economics literature and it will suggest that this understanding, loosely based on Schumpeter’s ideas on creative destruction, is not capable of representing the actual dynamism seen in the markets. In order to better understand that dynamism, the market process approach of the Austrian School is presented as a substitute. The comparison indicates that adopting the market process approach, in which entrepreneurship and innovation are endogenous and not-necessarily related to breaks or shocks, leads to a much better understanding of the innovation phenomena and, consequently, and opens new paths in the understanding of the entrepreneurial role. The work concludes presenting limitations and suggestions for future research in management, and economics, and finally, some pedagogical suggestions are also given.
publishDate 2019
dc.date.none.fl_str_mv 2019-11-07
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1245
10.30800/mises.2019.v7.1245
url https://revistamises.org.br/misesjournal/article/view/1245
identifier_str_mv 10.30800/mises.2019.v7.1245
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistamises.org.br/misesjournal/article/view/1245/655
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Mises Brasil
publisher.none.fl_str_mv Instituto Mises Brasil
dc.source.none.fl_str_mv MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 No. 3 (2019): MISES Journal 2019 (sep-dec)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; Vol. 7 Núm. 3 (2019): MISES Journal 2019 (sept-dic)
MISES: Interdisciplinary Journal of Philosophy, Law and Economics; v. 7 n. 3 (2019): MISES Journal 2019 (set-dez)
2594-9187
2318-0811
reponame:Mises
instname:Instituto Mises Brasil
instacron:IMB
instname_str Instituto Mises Brasil
instacron_str IMB
institution IMB
reponame_str Mises
collection Mises
repository.name.fl_str_mv Mises - Instituto Mises Brasil
repository.mail.fl_str_mv revista@mises.org.br
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